Berita Arkib

Malaysian palm oil futures ended higher on Monday tracking their biggest intra-day gain in more than four months. They were buoyed by early losses in the ringgit and lower-than-forecast inventoriesfrom the Malaysian Palm Oil Board.

KUALA LUMPUR (May 14): Malaysian palm oil futures rose 3% on Monday, their biggest intraday gain in more than four months, buoyed by early losses in the ringgit and lower than forecast end-stocks data from an industry regulator.

Crude palm oil prices fell 0.35 per cent to Rs 658.80 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at the spot market.

SINGAPORE - U.S.-China trade tensions are causing Singaporean agriculture conglomerates Olam International and Wilmar International to import from South America to avoid higher taxes.

KUALA LUMPUR: Shares of Malaysian palm oil producer Felda Global Ventures Bhd (FGV) surged as much as 24 percent on Monday on expectations that a corporate clean-up following last week's general election would boost values.

KUALA LUMPUR: Malaysian palm oil inventories fell for the fourth consecutive month in April as both export and production slowed slightly.

KUALA LUMPUR, May 14 (Reuters) - The chairman of Malaysia’s state palm oil plantation agency, the Federal Land Development Authority (Felda), has resigned, an agency spokesman said on Monday, confirming earlier reports.

An aggressive lobbying campaign spearheaded by actors from Indonesia and Malaysia, the world’s top palm oil producers, have framed the ban as an attack on small farmers, although the industry is dominated by large companies.

KUALA LUMPUR: Malaysian benchmark crude palm oil futures surged to their highest in a month at the opening of trade today, the first session since the stunning election defeat of a coalition that ruled the country for six decades.

The uproar over Iceland Foods’ decision to ban palm oil from its own-label products has been loud and swift. While many applaud the move as a bold stance against deforestation and land grabbing by plantation companies, others — including some scientists and conservation groups — fear the British supermarket chain may be making things worse.

Sitting on the terrace of his presidential palace overseeing Libreville’s beachfront avenue, Ali Bongo contemplates the growth of Gabon’s capital. “Everything you see today wasn’t here 10 years ago,” says Gabon’s 59-year-old president, sporting a perfectly tailored camel suit and a gleaming Rolex watch.

KUALA LUMPUR (May 11): The incoming Malaysian government is expected to continue shoring up the palm oil sector, in order to remain competitive against Indonesia, said Singapore-based shipbroking & consultancy company, Eastport Maritime Pte Ltd.